The fintech entrepreneur Christo Georgiev, founder of myPOS, a leading
European card and online payments provider, has announced his plans for
new store expansion in Europe, set to happen in 2019.

The news comes just weeks after the company launched its store in Milan,
Italy and signals an aggressive strategy designed to bring the company’
services closer to merchants. Up until 2018 the famous fintech company,
engaged in selling payment terminals and processing card payments, had
online presence only. This all changed in spring 2018 when myPOS opened
its first ever brick-and-mortar stone in London, the financial centre of
Europe, which was quickly followed by a new location in Amsterdam, the
Netherlands. In May 2018 a new company store was established in Sofia,
Bulgaria as well.

The move from online presence only to physical stores is part of the new
company strategy for growth driven by the company’s experience with
online sales. According to the company’s founder, Mr. Christo Georgiev,
in the age of the Internet online stores are often not enough.

“When it comes to selling payment terminals, having an online store is
mandatory, but in many cases customers want to be able to see and
experience the devices before they decide to commit their money. Having
a physical location is crucial in meeting this demand. And there’s
nothing better than in-person communication when a client needs help or
has questions”, said Christo Georgiev.

All company stores are located in places that are easy to find and carry
the spirit of the city that hosts them. For instance, the myPOS store in
London is situated next to Hyde Park and Buckingham Palace, while the
store in Amsterdam is located close to the centre of the city and next
to channels that Amsterdam is so famous with.

After getting ready to open two more stores by the end of this year – in
Barcelona and Zurich – myPOS is all set for major expansion in 2019 when
the company plans to open no less than seven
more stores across Europe. The first half of 2019 will see myPOS stores
debut in Paris, Bucharest, Munich, Lisbon and Warsaw. In the second half
of 2019 the company plans to open stores in Prague, the Czech Republic
and in Helsinki, Finland.

The ultimate goal is to be present in all major European countries – an
accomplishment that is to be achieved in the next several years.

Intraday Data provided by SIX Financial Information and subject to terms of use. Historical and current end-of-day data provided by SIX Financial Information. All quotes are in local exchange time. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. Intraday data delayed at least 15 minutes or per exchange requirements.